Lawmakers Move to Replenish Highway Trust Fund-- Update

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Siobhan Hughes WASHINGTON--House and Senate lawmakers Thursday advanced measures to replenish the federal fund that finances road, bridge and mass-transit projects before it runs out of money next month. The HouseWays and Means Committee, in a voice vote, approved ...

French Current Account Deficit Widens

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Stacy Meichtry PARIS--France's current account deficit was wider in May than in April as the goods deficit rose and the services surplus shrank, data from the Bank of France showed Friday. The euro zone's second largest economy recorded a ...

BOE Considers Stricter Leverage Limits For UK Banks

TODAY: July 11, 2014 PUB DATE: July 11, 2014

LONDON--Britain's biggest banks could be subject to stricter leverage limits under proposals put forward Friday by the Bank of England. The BOE said in a consultation paper on leverage that its Financial Policy Committee, which spots risks to the financial ...

Iraq's Kurdish Fighters Seize Oil Fields

TODAY: July 11, 2014 PUB DATE: July 11, 2014

LONDON--Iraq's Oil Ministry said Friday Kurdish Peshmerga forces had seized control of production facilities at two key oil fields near the northern city of Kirkuk, in a move that could further worsen already frayed relations between the Kurdistan Regional Government ...

Central Bank Says Australian Dollar Overvalued - Report

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Jason Douglas Investors may be underestimating the risk of a "material decline" in the Australian dollar, the governor of Australia's central bank was quoted as saying Friday. "It continues to be my view that on most standard metrics that ...

EU, Russia, Ukraine to Continue Talks on Trade Deal Into September

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Matthew Dalton BRUSSELS--Months of talks aimed at easing Russian fears about a new political and economic deal between the European Union and Ukraine will continue into September, representatives of the three parties agreed Friday. The discussions come as EU ...

U.S. Budget Deficit Narrows

TODAY: July 11, 2014 PUB DATE: July 11, 2014

WASHINGTON--The U.S. budget deficit is falling sharply this year amid higher tax revenues and an improving economy. The federal government's deficit from October through June totaled $366 billion, down 28% from the same period a year earlier, the U.S. Treasury ...

Australian Mortgage Lending Unchanged in May

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By David Rogers SYDNEY--The number of Australian home-loan approvals was unchanged in May from April, the statistics bureau said Friday. Housing finance approvals were mixed across Australia's various states. Economists surveyed ahead of the announcement had expected a fall of ...

Australia Mortgage Data Ease Fears of Reversal in Property Market

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By David Rogers SYDNEY--The latest Australian mortgage data are easing fears of a sharp downturn in the property market that could derail the central bank's attempts to stoke the economy to previous growth levels. Government statistics published Friday showed the ...

Germany's Upper House Passes Energy Law

TODAY: July 11, 2014 PUB DATE: July 11, 2014

BERLIN--Germany's upper house of parliament Friday passed an ambitious renewable energy law which aims to mitigate the effects of the country's move away from nuclear and fossil-fuel generated power. The upper house, which represents Germany's 16 states and which could ...

DATA SNAP: Canada Sheds 9,400 Jobs, Unemployment Rate Rises to 7.1%

TODAY: July 11, 2014 PUB DATE: July 11, 2014

June Employment Report =-----------------------------------------=--=--=--=--=--== June May ! Consensus: ! Net Jobs -9,400 +25,800 ! +20,000 jobs ! Unemployment Rate 7.1% 7.0% !Jobless Rate ! ! 7.0% ! - Full-Time Jobs +33,500 -29,100 !Actual:-9,400 ! - Part-Time Jobs -43,000 +54,900 !Jobless ...

Mexican Industrial Output Rose in May, Thanks to Manufacturing

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Anthony Harrup MEXICO CITY--Mexican industrial production rose in May for a fifth consecutive month, led by gains in manufacturing that continued to be the main driver of economic growth in the second quarter. Industrial output rose 0.11% from April ...

CURRENCIES: Loonie Drops On Weak Canada Jobs Data

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The loonie came under pressure Friday following a weaker-than-expected Canadian jobs report. In June Canada lost 9,000 jobs, falling far short of the expected 20,000 increase. The country's unemployment rate rose to ...

Spain Confirms Inflation Flat In June, Deflation Still A Risk

TODAY: July 11, 2014 PUB DATE: July 11, 2014

MADRID--Spain's statistics institute INE said Friday that the country's inflation rate flat-lined in June. The reading is in line with a flash estimate released late last week. The country's European Union-harmonized consumer price index was unchanged in June, INE said, ...

Brazil Fipe: Sao Paulo CPI Increases 0.10% for 4 Weeks Ended July 7

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Rogerio Jelmayer SAO PAULO--The consumer price index for Sao Paulo, Brazil's biggest city, picked up slightly in the four weeks ended July 7, above economists' expectations, mainly due to the increase in transportation costs. The CPI rose 0.10% in ...

U.S. Budget Deficit Narrows in First Nine Months of Fiscal Year

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Josh Mitchell WASHINGTON--The U.S. budget deficit is falling sharply this year amid higher tax revenues and an improving economy. The federal government's deficit from October through June totaled $366 billion, down 28% from the same period a year earlier, ...

Global Oil Prices Fall -- Update

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Ben Winkley and Daniel Huang Global oil prices fell Friday, although losses were limited by data from a top energy watchdog that pointed to rising future demand for crude. Brent crude for August delivery, the global benchmark, recently traded ...

CURRENCIES: Loonie Drops On Weak Canada Jobs Data

TODAY: July 11, 2014 PUB DATE: July 11, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch)--The loonie came under pressure Friday following a weaker-than-expected Canadian jobs report. In June Canada lost 9,000 jobs, falling far short of the expected 20,000 increase. The country's unemployment rate rose to 7.1% from ...